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"The dollar is the only game in town being supported by strengthening economic data."
- BNY Mellon (based on MarketWatch)
Pair's Outlook
There is now only one significant obstacle left for USD/CHF to overcome in order to reach the resistance at 0.9250, which is formed by the monthly R1 and 2013 Nov 7 high. Considering the near-term technical indicators, this scenario seems to be likely, but at the same time the monthly studies are not supportive of long-term Dollar appreciation. But there is still a four-month up-trend at 0.90 that says otherwise.
Traders' Sentiment
Just as last Friday, there are still a little more bulls (57%) in the market than there are bears (43%). But the percentage of commands to buy the Greenback placed 50 pips from the spot declined—from 59 to 38%.
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